Last updated on April 3rd, 2023 at 08:22 pm
Smart Cryptocurrency Investment for huge ROIs.
Bitcoin is the first digital currency—It’s the first currency built on blockchain and cryptographic technology.
Therefore, the mega coin is top of the cryptographic chart as we all know, boasting popularity and superiority even the Dollar can only wish to have over other fiat currencies.
However, the crypto market has got several other boomers (from a tirelessly long list that numbers well in the thousands, even beyond ten (10) thousand). Despite the recent dip, the bounce-back is swelling and the competition rages on.
Ethereum, Dogecoin, Litecoin, etc., are doing quite well behind Bitcoin given their relative newness to the digital money village and in truth, in terms of strategic and future-oriented investing, some of these thriving coins are carving profitable markets for investors.
Based on the latest market cap, I present to you the 7 best cryptocurrencies to invest in if the year is 2022 around your corner. Use this as a guide if you’re plotting to find the best footing as a newbie in the business.
1. Bitcoin (BTC)
Market cap: $565 Billion
Surprised? No one should be; bitcoin ‘comfortably’ sits on top of the market based on market cap and the value of coins currently owned by crypto buyers.
Bitcoin was created in 2009 by an individual or a team under the pseudonym “Satoshi Nakamoto”. And as the first of its kind, Bitcoin gained an incredible lot of acceptance and fame (in comparison with others). (You know how firstborns act like co-parents (bullies, sometimes), and never fail to deal out a fair share of their opinion in family gatherings?).
Bitcoin continues to grow. At the time of writing this article (3rd June 2022), the coin is priced at $29, 525.99—that’s a growth of nearly 6,000%.
Related: What is Blockchain Technology and How Does it Work?
2. Ethereum (ETH)
Market cap: $219 billion
Ethereum appears to be the program developers’ best cryptocurrency platform. Again, it calls for no surprise. Ethereum features smart contracts and NFTs (non-fungible tokens).
The coin is easily one of the fastest-growing cryptos and is currently priced at $1, 759.40. If you’re seeking to invest in a coin prospected to follow the trail of Bitcoin, Ethereum is the coin for you.
3. Tether (USDT)
Market cap: $72 Billion
Have you heard that governments and official financial institutions will do all in their power to dwarf the ambitions of cryptocurrencies?
You sure have, but who cares? This coin right here doesn’t seem to, to be honest. Tether has the endorsement of some fiat currencies: the U.S. dollars and the euros. And given the volatility of virtual money, Tether is the go-to for investors who would rather play ultra-safe—it is as stable as the fiats that back it.
A Tether is currently valued at $0.9993.
4. U.S. Dollar Coin (USDC)
Market cap: $54 Billion
Many people have brothers, but few have brothers who strive to stick close. The USDC is that coin that seeks brotherly proximity with the USDT. The U.S. dollar coin is also backed by the American dollar and is projected to stay equal to 1 dollar. You can use these U.S.-backed currencies the same way you use other coins.
USDC is valued at exactly $1.00, just as stable as it should be for the safe-playing squad.
5. Binance Coin (BNB)
Market cap: $49 Billion
Binance Coin is BINANCE’s cryptocurrency. Binance is one of the most used crypto exchange platforms in the world.
For a coin that was launched in 2017, Binance Coin has elegantly paced through the intimidating crowd of battling digital currencies, securing a top 5 spot based on market cap.
If you want to invest in a flexible, multi-functional coin, Binance Coin may be your best bet. Plus, if you have a thing for fine business structures and a coin that can be easily traded for other types of cryptos, here’s the place to step on the brakes.
Binance Coin is priced at $296.61 as it stands.
Related: What is Cryptocurrency and How does it Work?
6. Cardano (ADA)
Market cap: $18 Billion
This token deservedly nestles in the top 10 for its massive spike in value since 2017 when it was merely worth $0.02. Today, Cardano’s ADA is valued at $0.5526 and shows greater prospects.
Like Ethereum, Cardano features smart contracts. Its ADA token has a few edges over Bitcoin itself, one of which is that it hops over the sometimes-bureaucratic step of transaction verification.
Ada is a good option for investors who can exercise faith and patience (two virtues that pay big-time in the world of cryptocurrency investing) in the system.
7. XRP (XRP)
Market ($19 Billion)
When it comes to the realm of cryptocurrencies, not many are better than XRP in currency exchange and payment processing. XRP, also called Ripple, is a real-time settlement system, remittance network, and currency exchange platform.
Today, XRP is priced at $0.3864.
Given its growth of over 6000% since early 2017 when it was worth $0.006, XRP presents a flatteringly fine opportunity for you as an investor seeking the best coins to buy in 2022.
